HR 649 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 to restore the deduction for interest paid on education loans.

Introduced 1989-01-24· Sponsored by Rep. Smith, Virginia [R-NE-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-01-24)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses, including reasonable living expenses, of the taxpayer, spouse, or dependent.…

Summarized by Claude AI · Non-partisan · For informational purposes only